For their alleged roles in a US$ 265 million program to reward American officials to secure energy supply deals, businessman Gautam Adani, the team’s creator, his nephew Sagar Adani, and six others have been charged by US prosecutors. The Adani Group has dismissed as “baseless and denied” the charges, alongContinue Reading
According to a court filing, Indian billionaire Gautam Adani is being summonsed by the US Securities and Exchange Commission ( SEC ) because of allegations that he allegedly bribed the US into paying for a massive federal indictment against him. The Adani Group’s nose and his brother Nagar Adani areContinue Reading
Shares fell in Asia on Thursday ( Nov 7 ) after US stocks broke records as investors speculated on what Donald Trump’s victory in the White House will mean for the country and the world. Markets were likewise paying close attention to the Federal Reserve’s decision regarding interest rates, whichContinue Reading
Despite US stock futures rising from an early dip and bond yields coming off their lowests, Asian share markets slumped on Monday ( Sep 9 ) after worries about a potential US economic downturn weighed on Wall Street. The Asian giant’s consumer price index ( CPI ) data revealed thatContinue Reading
As investors avoided risk assets for safer harbors, Asian share markets slumped on Monday ( Sep 9 ) after worries about a potential US economic downturn weighed on Wall Street. As manufacturers were under pressure from a stronger yen, Japan’s Nikkei lost 2.4 percent on top of a nearly 6Continue Reading
In the anxious business relations with China, Commission President Ursula von der Leyen stated on May 6 that the EU would continue to support tough measures to protect its market and safety. Following multilateral discussions with French President Emmanuel Macron and Chinese President Xi Jinping in Paris, she declared,” AContinue Reading
PUSHBACK China’s evil finance minister, Liao Min, told Chinese press that Beijing “has completely responded” to US concerns on overcapacity and expressed “grave problem” over regulations Washington imposes on trade and investment. Liao said China’s” present competitive advantages are rooted in China’s big- scale market, full business system and abundantContinue Reading
Finance Minister Lan Foan and Premier Li Qiang had lengthy discussions about the subject, according to Yellen, who likewise met with Yellen on Sunday. She met People’s Bank of China ( PBOC ) governor Pan Gongsheng and former vice premier Liu He on Monday. According to Treasury officials, the USContinue Reading
BOAO, China: The New Development Bank ( NDB), set up by the BRICS group of emerging economies, aims to make about US$ 5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday ( Mar 26 ). ” During the incident, our company has been somewhat disturbed,Continue Reading
The World Bank will release more of its amazing data, including on loan defaults, starting next year as part of a drive to get more private sector investment to developing countries, World Bank President Ajay Banga said. Banga, speaking at the China Development Forum earlier Sunday ( Mar 24 ),Continue Reading